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is basically putting a defense. >> the chinese put up a fence. we couldn't buy if it were a chinese enterprise. we can stop this because the committee on foreign investment in the u.s. has the final say on sensitive acquisitions. and so they cann stop the acquisition. tracy: that probably should have >> they should. tracy: thank you fobeing here. the coming collapse of china. it is coming. >> it is. tracy: we want to know wha you think about all this. here is our question tonight. is the u.s. still a superpower or will china be number one soon? log onto gerriwils.com and vote on the right hand side of the screen command we will share the results of the end of the show. coming up, is it the case of false advertising? "consumer repports" says the fod fusion is not as green as ford says it i. come on. we're going to have details trick from the magazine's mount next. ♪ [ heart beating, monitor beeping ] woman: what do you mean, homeowners insurance doesn't cover floods [ heart rate increases ] man: a few inches of water caused all this? [ heart rat
is basically putting a defense. >> the chinese put up a fence. we couldn't buy if it were a chinese enterprise. we can stop this because the committee on foreign investment in the u.s. has the final say on sensitive acquisitions. and so they cann stop the acquisition. tracy: that probably should have >> they should. tracy: thank you fobeing here. the coming collapse of china. it is coming. >> it is. tracy: we want to know wha you think about all this. here is our question...
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on defense spending, i understand as well as anyone else that we've made half a trillion culls to defense spending. there's not a lot more there, and so that focuses the need on cuts elsewhere which can be made without slashing. i understand your point without slashing or decimating medicare. neil: you're optimistic a deal is made? put you down as likely? >> the hopeful corner. neil: senator, thank you very much. the man who used to be considered early on an economic man to obama, the economist who says, you know, it wouldn't be the worst thing in the world missing the end of the year deadline, especially if it leads next year to a better deal. %-dangerous as you think. after this. ♪ the capitaone cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50%
on defense spending, i understand as well as anyone else that we've made half a trillion culls to defense spending. there's not a lot more there, and so that focuses the need on cuts elsewhere which can be made without slashing. i understand your point without slashing or decimating medicare. neil: you're optimistic a deal is made? put you down as likely? >> the hopeful corner. neil: senator, thank you very much. the man who used to be considered early on an economic man to obama, the...
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the $1.2 trillion in force budget cuts on the defense department. plus the bush tax cuts. it means we are approaching the 2 trillion-dollar shock to the system. it is the best deal in transit at maximum of maximum spending cuts. the president is talking about two to one. twice as much tax hike is spending cuts. this inverted, it's the best deal for the republicans, both parties and the president agree, and they can't win anybody if we go ovethe fiscal cliff because that was the deathat they made. tracy: yes, it is crazy. i'm sure you will be talking about it. when you have coming up? >> we have john silva, chief economist at wells fargo to talk about what the new year holds in store for us in the economy. irrespective of the fiscal cliff, we are going to have $270 billion in tax hikes that start effective january 1. thank you, obamacare. nancy pelosi has said that if you want to find out what's in it, just pass it. we are finding out and we are going to have a terrific group of people, including john cruz, the vice president of hsbc, who is the whistleblower on the $1.9 bi
the $1.2 trillion in force budget cuts on the defense department. plus the bush tax cuts. it means we are approaching the 2 trillion-dollar shock to the system. it is the best deal in transit at maximum of maximum spending cuts. the president is talking about two to one. twice as much tax hike is spending cuts. this inverted, it's the best deal for the republicans, both parties and the president agree, and they can't win anybody if we go ovethe fiscal cliff because that was the deathat they...
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lou: defense officials have identified highly decated decorated -- decorat navy seal that was killed over the weekend. 28 year-old from pennsylvania of member of tte eliteeal team six kill in combat during the mission to rescue dr. seph who was adopted by the taliban last wednesday successfully rescued by special operation forces one congressmen pilot at the federal budget and his reco before going on the talk-show. here he is yesterday. >> one of the issues left alone as the mischa who was responsible, how we got here and tolay in medicare and medicaid and social security as the drivers of the deficit. two wars on a credit card? financial institutions. lou: amnesia apparently is contagious. here are the fac with an 40% ofhe budget is spent on medicare and social security. the congressmen could recall e voting record himself he vod to approve more spending four times over the past five years. grace of workers made national headlines when a local affiliate, the drinking and smoking marijuana during the lunch break. >> high. shouldn't you be building cars? don't you work at the chrysle
lou: defense officials have identified highly decated decorated -- decorat navy seal that was killed over the weekend. 28 year-old from pennsylvania of member of tte eliteeal team six kill in combat during the mission to rescue dr. seph who was adopted by the taliban last wednesday successfully rescued by special operation forces one congressmen pilot at the federal budget and his reco before going on the talk-show. here he is yesterday. >> one of the issues left alone as the mischa who...
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it is more of a defensive posture to say let's really make sure that we can continue to be a viable entity. tracy: it's interesting that you think obamacare could be part of the decision process. we are saying that we need to hold onto our own cash. the problem is you could be buying in at the market high points. >> well, if that is the only thing you are counting on is that company retirement needs, then you have a personal problem. [laughter] tracy: 46% of americans say they have saved less than $10,000 for retirement. >> that's right. the statistics are staggering. if you look at it in entirety, you think about where did all this come from, what is this notion of retirement. the three legged stool. pensions, iras, four o. one kays. all of that coming together. what is left anymore? pensions have been shut down companies. pensions are bankrupting municipalities. we talked about social security, it's ppobably not something that we can count on. it is really personal savings. when you look deeper at personal savings from these statistics are alarming. this generation an era that we have gr
it is more of a defensive posture to say let's really make sure that we can continue to be a viable entity. tracy: it's interesting that you think obamacare could be part of the decision process. we are saying that we need to hold onto our own cash. the problem is you could be buying in at the market high points. >> well, if that is the only thing you are counting on is that company retirement needs, then you have a personal problem. [laughter] tracy: 46% of americans say they have saved...
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on defense spending, i understand as well as anyone else that we've made half a trillion culls to defense spending. there's not a lot more there, and so that focuses the need on cuts elsewhere which can be made without slashing. i understand your point without slashing or decimating medicare. neil: you're optimistic a deal is made? put you down as likely? >> the hopeful corner. neil: senator, thank you very much. the man who used to be considered early on an economic man to obama,the economist who says, you know, it wouldn't be the worst thing in the world ssing the end of the year deadline, especially if it leads next year to a better deal. %-dangerous as you think. after thi. ♪ [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of ch
on defense spending, i understand as well as anyone else that we've made half a trillion culls to defense spending. there's not a lot more there, and so that focuses the need on cuts elsewhere which can be made without slashing. i understand your point without slashing or decimating medicare. neil: you're optimistic a deal is made? put you down as likely? >> the hopeful corner. neil: senator, thank you very much. the man who used to be considered early on an economic man to obama,the...
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but in mcafee's defense, he probably did kill his neighbor. charles: he could be charlie sheen's friend. that would be a sight to see. thank you, we will talk to you later. meanwhile, while everyone is worried about the economy plunging over the cliff, it looks like the funding for medical devices has already fallen over the cliff. investors are now pulling the plug. >> they make heart comes and stands and prosthetic devices for returning soldiers. they make devices to work on brain tumors. what is happening is that obamacare, we are finding all sorts of odd taxes that are coming out. now, we are seeing the medical device tax is a big one. basically, this is a tax that will hit the medical industry, and it doesn't hit profits, it hits their sales. charles: the products that keep us alive and help us, by the way, when you say there is not going to be attacks a tax on the middle class, this taxes every person that may ever have to go to a hospital and meet one of these devices. >> yes, that's right. 43,000 jobs cut possibly in this industry. thi
but in mcafee's defense, he probably did kill his neighbor. charles: he could be charlie sheen's friend. that would be a sight to see. thank you, we will talk to you later. meanwhile, while everyone is worried about the economy plunging over the cliff, it looks like the funding for medical devices has already fallen over the cliff. investors are now pulling the plug. >> they make heart comes and stands and prosthetic devices for returning soldiers. they make devices to work on brain...
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will feel it will be with payroll tax, and amt, alternative minimum tax, cut to medicare, and cuts to defense. that is for real, that happens. that is immediate. the rise in rates due to obamacare, and the bush tax cut expiring, those actually do not take effect, they will not owe them until 2014, i think that president thinks he has time. but, this is -- this is why it important i think, for us to tell the truth. and be grown ups, the president thinks in short-term, he can just continue to go out and campaign, and maybe in short-term republicans will take will blame. i'm ready to take the blame, i am going to tell the truth to my constituents. lou: take the blame. that is an interesting eing expression. the fact is, his ultimatum is only -- the only decision taken that will result in this occurring, rather than a collective bargain heaed positi. i do not see where republicans should take any blame, why isn't your leadership, if you will, say, you go ahead, you own it you eat it? lou: i believe at the end of the day that is what we'll say. but for right now, lou we're still here, we're workin
will feel it will be with payroll tax, and amt, alternative minimum tax, cut to medicare, and cuts to defense. that is for real, that happens. that is immediate. the rise in rates due to obamacare, and the bush tax cut expiring, those actually do not take effect, they will not owe them until 2014, i think that president thinks he has time. but, this is -- this is why it important i think, for us to tell the truth. and be grown ups, the president thinks in short-term, he can just continue to go...
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we take itll up with he foundation for defense of democracy here next. stay with us. ♪ lou: breaking news. u.s. officials confirmed that the egyptian authorities have detained a man who has been described variously as, perhaps, an alleged ringleader of an egyptian terrorist network linked to the september 1th attack on the u.s. consulate in benghazi. the united states ambassador and three other americans were killed. also tonight, egyptian president urging national dialogue still, but moving forward with his referendum on an islamist back to constitution. the new york times bureau chief in cairo, david kirkpatrick insting th the muslim brotherhood s not, and i do ," not violent by nature and have come over the last couple of decades, you off me and mor into a moderate conservative but religious moderate regular old political frce. well, joining us now is jonathan chancellor, former counter-terrorism analyst, current vice president of research for the foundation for defense of democracy, and it is good to have you with us. your eaction to kirkpatrick's
we take itll up with he foundation for defense of democracy here next. stay with us. ♪ lou: breaking news. u.s. officials confirmed that the egyptian authorities have detained a man who has been described variously as, perhaps, an alleged ringleader of an egyptian terrorist network linked to the september 1th attack on the u.s. consulate in benghazi. the united states ambassador and three other americans were killed. also tonight, egyptian president urging national dialogue still, but moving...
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republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be the busiest in six years. aaa predicts more than 93 million americans hitting the highways over the holidays, just 400,000 people shy of the record set in 2006. we continue our count down to the closing bell with the woman who likes her politics the same hi way likes her martinis, shaken, not stirred. liz: no, a mojito, light on the rum, adam. get it right. >> you look like a vodka woman to me, i don't know. liz: never. can't deal with that. a rough year for jcpenney, but things changing. the stock popped, but now the stock is up more than 17% this week alone. nicole? >> what a run for a company that's been struggling, sales dwindle, less traffic, ron johnson figuring out a way to ge
republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be the busiest in six years. aaa predicts more than 93 million americans hitting...
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the foundation for defense of democracy joins us here in ments. the unemloyment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. ♪ music body language-- without saying a word, it can tell you so much. like someone is having a stroke... know the sudden signs. learn f.a.s.t. f- face drooping a-arm weakness s- speech difficul t- time, time to call 911 immediately. the sooner they get to the hospital, the sooner they'll get treatment, and that can make a remarkable difference in their recovery. learn the body language, the suddenigns, and spot a stroke f.a.s.t. i can tell you that childhood is a magical time. but for children with diabetes, life is not quite so carefree. the barbara davis center for childhood diabetes is fighting hard to find a cure. know the signs: irritability, excessive urination, weight loss. if you havany of these signs, please call your doctor. early detection can save your life. give to save live
the foundation for defense of democracy joins us here in ments. the unemloyment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. ♪ music body language-- without saying a word, it can tell you so much. like someone is having a stroke... know the sudden signs. learn f.a.s.t. f- face drooping a-arm weakness s- speech difficul t- time,...
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>> near term we are in defensive. health care ihealth care in pard like in that area. we really like the farmers and the staples as a place to hang out. >> it still has a pretty good dividend on it. pfizer is still a relatively cheap stock as people are worried about the pipeline, etc. but actually think it is a healthy company that has been undervalued for some time. liz: once you're out of the bear suit, what are you going to buy? >> then we will buy supercold as the economic news gets a lot better. i want to own consumer supercold, industrials in particular would like. but even spread out into places like germany, china, emerging market that we have been buying the last couple of months. liz: chin steve has a china plae don't want to miss. 30 billion in assets under management. he is working his money, trust us. the closing belllin 50 minutes. a fall off the fiscal cliff will derail the programs helping the hosing recover. for the homebuilders worried? toll brothers is the 800-pound gorilla, they would know. a fox business exclusive with dogeared leaflets which tell
>> near term we are in defensive. health care ihealth care in pard like in that area. we really like the farmers and the staples as a place to hang out. >> it still has a pretty good dividend on it. pfizer is still a relatively cheap stock as people are worried about the pipeline, etc. but actually think it is a healthy company that has been undervalued for some time. liz: once you're out of the bear suit, what are you going to buy? >> then we will buy supercold as the...
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but in mcafee's defense, he probably did kill his neighbor. charles: he could be charlie sheen's friend. that would be a sight to see. thanyou, we will talk to you later. meanwhile, while everyone is worried about the economy plunging over the cliff, it looks like the funding for medical devices has already fallen over the cliff. investors are now pulling the plug. >> they make heart comes and stands and prosthetic devices for returning soldiers. they make devices to work on brain tumors. what is happening is that obamacare, we are finding all sorts of odd taxes that are coming out. now, we are seeing the medical device tax is a big one. bacally, this is a t that will hit the medical industry, and it doesn't hit profits, it hits their sales. charles: the products that keep us alive and help us, by the way, when u say there is not going to be attacks a tax on the middle class, this taxes every person that may ever have to go to a hospital and meet one of thesedevices. >> yes, that's right. 43,000 js cut possibly in this industry. this is an ind
but in mcafee's defense, he probably did kill his neighbor. charles: he could be charlie sheen's friend. that would be a sight to see. thanyou, we will talk to you later. meanwhile, while everyone is worried about the economy plunging over the cliff, it looks like the funding for medical devices has already fallen over the cliff. investors are now pulling the plug. >> they make heart comes and stands and prosthetic devices for returning soldiers. they make devices to work on brain tumors....
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what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention. neil: you are a force, you are a very commanding force it would be in upper tier of perspective presidential candidate. >> i appreciate, that but point is, i do not say that to pat our organization on the back. neilback. >> i want voices of america t
what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case....
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the foundation for defense of democry joins us he in moments. the unemploymt rate drops. so did the number of worers in the labour force. we will be taaking abouthis economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. can i help you? i heard you guys can ship ound for less than the ups store. thas right. i'vlearned the only way to get a holay deal is to camp out. you know we've been open all night. ithis a trick to get spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedexffice. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional pr
the foundation for defense of democry joins us he in moments. the unemploymt rate drops. so did the number of worers in the labour force. we will be taaking abouthis economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. can i help you? i heard you guys can ship ound for less than the ups store. thas right. i'vlearned the only way to get a holay deal is to camp out. you know we've been open all night. ithis a trick to get spot? [...
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we take it a up with the foundati for defense of democracy here next. democracy here next. stay with us. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, buding blocks for the whheart of your portfolio.p. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ lou: breaking news. u.s. officials confirmed that the egyptian authorities have detained a man who has been described vaiously as, perhaps, an alleged ringleader of an egyptian terrorist network linked to the september 11th attack on the u.s. consulate in benghazi. the united states ambassador and three other aericans were killed. also tonight, egyptian president urging national dialogue still, but moving forward with his referendum on
we take it a up with the foundati for defense of democracy here next. democracy here next. stay with us. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, buding blocks for the whheart of your portfolio.p. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which...
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lou: is our shannon pointed out, taking on proposition 8 and the defense of marriage act. it looks like it might be a little broader than we might have expected. >> it could be, but they have narrowed a broad, potentially broad, decision before. you have two swing justices here. the chief justice and, you know, obviously, the other guy that everybody's watching, but i don't think you can predict this one. adam, a really well-respected legal scholars, thinks they would narrow it, and i suspect he's right. lou: going through a lot of trouble, creating controversy and hoopla for just a little thing. you know, it's the day of big issues and little results. >> you got to love it. when it comes to love and marriage, they have the urge to merge on the supreme court, merging them together. we love that. lou: very quickly, the last
lou: is our shannon pointed out, taking on proposition 8 and the defense of marriage act. it looks like it might be a little broader than we might have expected. >> it could be, but they have narrowed a broad, potentially broad, decision before. you have two swing justices here. the chief justice and, you know, obviously, the other guy that everybody's watching, but i don't think you can predict this one. adam, a really well-respected legal scholars, thinks they would narrow it, and i...
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at this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just sawaw , i got involved in not a fiscal thing but it had to do with a u.n.reaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention. neil: you are a force, you are a very commanding force it would be in upper tier of perspective presidential candidate. >> i appreciate, that but point is, i do not say that to pat our organization on the back. neilback. >> i want voices of america to
at this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case....
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we take it all up with the foundation for defense of democracy here next. stay with us. ♪ ♪ here come the -- [ cap twisting off ] hey, yo?! i lost audio. what happened?! [ ice crackling ] what!?!? oh, it better not be! what's going on? ♪ it's time to put a stop to this! yay-e, yay-e! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. ♪ get out of my booth!!! [ male announcer ] frost brewed coors light. the world's most refreshing beer. you know, from our 4,000 tevision commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. yeah, i'm kind of a big deal. [sigh] it feels good to help people save... with great discounts like safe driver, mulcar, and multipolicy. 731, 732... you want my number, don't you? call 1-800-progressive right now. or visit progressi.com for an extra $50 online savings. thirsty? 'cause i got a six-pack right here. oh, yeah... [voice shaking] you don't even have to wait for your polic
we take it all up with the foundation for defense of democracy here next. stay with us. ♪ ♪ here come the -- [ cap twisting off ] hey, yo?! i lost audio. what happened?! [ ice crackling ] what!?!? oh, it better not be! what's going on? ♪ it's time to put a stop to this! yay-e, yay-e! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. ♪ get out of my booth!!! [ male announcer ] frost brewed coors light. the world's most refreshing...
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joining us now, manhattan institute's senior fellow, the president of the national right to work defense foundation. welcome to you both. let me begin with you. twenty-four states now right to work. the governor, the outgoing governor of new hampshire not vetoing. that would have been 25. that is an impressive, if you will, said of progress to markair. isn't it? >> that's right. this is exciting. with indiana's passage of the 23rd right to work on february 1st in michigan passage, it has been a good year, and it's important to battle. your description of it was spot on. this is about ending compulsory dues payments to union officials. that's it. lou: and listening to the president yesterday, your thought there were trying to tear down collective bargaining to end the right to organize a union. i mean, the hyperbolic language was extraordinary. >> considering that the union movement, $400 million to help them get elected, what would you expect? it's the same thing we saw in wisconsin. actually -- and this has played out in the media. lou: you asked me a question. i'm going to answer it. w
joining us now, manhattan institute's senior fellow, the president of the national right to work defense foundation. welcome to you both. let me begin with you. twenty-four states now right to work. the governor, the outgoing governor of new hampshire not vetoing. that would have been 25. that is an impressive, if you will, said of progress to markair. isn't it? >> that's right. this is exciting. with indiana's passage of the 23rd right to work on february 1st in michigan passage, it has...
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you have a defense that you have a bleeding defense sector stock. that will obviously be impacted greatly depending on what happens. if you look at lockheed martin over the last six-eight weeks, it really has held its own. it is trading in a fairly narrow range. it is trending near its all-time high. maybe a barometer of what they happen to some of these stocks depending on the fiscal cliff. maybe things will not be so bad. on the other hand, now you have a stock in a completely separate sector. locate gap stores. all of a sudden end of last week, we saw this huge drop. the stock down about 15%. liz: what is it about gap at this point? >> >> it has been on such a great rally. i think there is some sentiment that because they did not announce any sort of forward diviiend that some of the investors are disappointed. with this thursday coming out with november retail sales data, people are thinking it is maybe not so good much like people are saying at apple that people are taking money off the table, that may be the same story with gap. liz: one story
you have a defense that you have a bleeding defense sector stock. that will obviously be impacted greatly depending on what happens. if you look at lockheed martin over the last six-eight weeks, it really has held its own. it is trading in a fairly narrow range. it is trending near its all-time high. maybe a barometer of what they happen to some of these stocks depending on the fiscal cliff. maybe things will not be so bad. on the other hand, now you have a stock in a completely separate...
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gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets, different employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours. governor, thank you so much for coming on. >> thank you, gerri. gerri: it's not just politicians
gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique...
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and a defense contractor, posted higher profits. better than expected. maker of tommy bahama and lilly pulitzer brands. and disappointing, down you go, 12% down there and then facebook, joining nasdaq 100 one week from today. it's down 13, but it's at 27 now. work hard, all your life and build up an estate and leave it to your kids, and like to. the government takes, and attorneys say what to do to avoid it. first, christmas music from mark stein, i don't know why my picture is up there. that's mark stein and he's singing, not me. ♪ male announcer ] at scottrade, you won't just find us online you'll also find us in person, with dedicated support teams at over 500 brancs nationwide. so when you call or visit, you can ask for a name you know. because personal service startwith a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >> detroit, we're told, is on the verge of bankruptcy, but one member of the city
and a defense contractor, posted higher profits. better than expected. maker of tommy bahama and lilly pulitzer brands. and disappointing, down you go, 12% down there and then facebook, joining nasdaq 100 one week from today. it's down 13, but it's at 27 now. work hard, all your life and build up an estate and leave it to your kids, and like to. the government takes, and attorneys say what to do to avoid it. first, christmas music from mark stein, i don't know why my picture is up there. that's...
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he can turn and say to my want to restore some ofhis funding that my secretary of defense and joint chiefs of staff told me i need to restore and can position himself as sort of the protector of u.s. national security. so there are some clear incentives to the president to lead the country over the fiscal cliff. do i think that's what he wants? probably not, but do i think there are incentives for him to do it temecula. gerri: never looked at it that way. as you look at this debate on going, there are a lot of folks who say we will be frting with recession or in recession if we do go over the cliff. do you agee? >> that happens only if wego off the cliff and stay off for an extended amount of time. to we don't go into recession just because we don't have a resolution on janua the first. it's a question of whether we have no resolution at that time but it seems that it's likely to a come within a short time. the longer we go into january with no resolution the more likely that we do go off the iff into recession. gerri: the broader conern is if we confined in the ground. great to have you o
he can turn and say to my want to restore some ofhis funding that my secretary of defense and joint chiefs of staff told me i need to restore and can position himself as sort of the protector of u.s. national security. so there are some clear incentives to the president to lead the country over the fiscal cliff. do i think that's what he wants? probably not, but do i think there are incentives for him to do it temecula. gerri: never looked at it that way. as you look at this debate on going,...
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he wants less defense spending. he gets that by going off the cliff, and he wants the republican brand damaged which he gets by going over the cliff. what incentive does he have to sit down and negotiate? none. lou: why is the republican party throwing over reagan omics, free enterprise, growth, individual freedom, smaller government, you know, and lower taxes over this? are you kidding me? the republican leadership is also incentivized just as well as the president as you know, congressman, and they will get twice -- get spending cuts, sequestering goes into effect. you're going to see, obviously, domestic and defense budgets cut, but you'll see a tax increase re, but the fact is you get nothing if you don't do the fiscal cliff. >> well, among my many limitation is the inability to read other people's minds. i don't know what spaker boehner's thinkg, but i know what he tells us in conference and private. lou: you can speak freely here. >> well, spiker boehner believes and convinced me he's negotiating with himself.
he wants less defense spending. he gets that by going off the cliff, and he wants the republican brand damaged which he gets by going over the cliff. what incentive does he have to sit down and negotiate? none. lou: why is the republican party throwing over reagan omics, free enterprise, growth, individual freedom, smaller government, you know, and lower taxes over this? are you kidding me? the republican leadership is also incentivized just as well as the president as you know, congressman,...
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gerri: and 8,000 jobs with defense cuts. cost eight -- 100 million? you have had a surplus will this put you into the red? >> it could. we still look at the federal obama's health care plan with the budget will cost money then look of the mandates tied with the federal money. i asked the president, is you have these federal funds coming down to the states and the strings are still attached it does not give us leeway for our different circumstance -- circumstances other states different constitutions, laws, differe nt styles of living and different needs for the budget. give us some flexibility. gerri: i hope you were more upbeat with the fiscal cliff that use sound like many people big concerns the people can get together and find common ground. it is meaningful to est. like yours. we appreciate your time. gerri: it is not just politicians and ceos. even baseball players take note to. there all top 2% and major league baseball stars just signed a five-year contract with the atlanta braves worth more than $75 million. the $3 billion signing bonus somet
gerri: and 8,000 jobs with defense cuts. cost eight -- 100 million? you have had a surplus will this put you into the red? >> it could. we still look at the federal obama's health care plan with the budget will cost money then look of the mandates tied with the federal money. i asked the president, is you have these federal funds coming down to the states and the strings are still attached it does not give us leeway for our different circumstance -- circumstances other states different...
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major cuts to defense spending, no changes to entitlements. david: if i'm tea party member i've had my legs cut out from john boehner. >> that is absolutely you try. if impresident of the united states and democrats i need a plan that allows us to raise the debt ceiling in 2013. the way i view it you blunt severe components of it but still fiscal drag at beginning of the year. you will still have uncertainty what the size and scope of the federal government will look like 2013 and beyond. is it priced into the market? these markets are trading at generally reasonable valuations. certainly not as cheap as it was last august but stocks are as cheap to bonds as they have been in a very long time. lauren: thank you, brian. i love how we said our portfolios are out of style. david: why he is senior economist for oppenheimer. thanks a lot. >>> a big blow to organized labor in michigan of all places the home of the uaw. state lawmakers approving right to work legislation there. coming up next a state senator on the fast and controversial move that to
major cuts to defense spending, no changes to entitlements. david: if i'm tea party member i've had my legs cut out from john boehner. >> that is absolutely you try. if impresident of the united states and democrats i need a plan that allows us to raise the debt ceiling in 2013. the way i view it you blunt severe components of it but still fiscal drag at beginning of the year. you will still have uncertainty what the size and scope of the federal government will look like 2013 and beyond....
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. >> last week, the supreme court of litigations had the defensive marriage act, and with the 1.5 million cost, outside counsel to sign the law, but according to the report, it decreased. do you support the idea of raising -- >> if the justice department is not going to enforce the law of the land, the congress will. thank you, all. >> all right, speaker of the house, john boehner, that's where we are, live update from washington on the progress or lack thereof, pushing for stepping cuts as expected, but the president's idea of a balanced approach is anything but. brett, the host of special reports, fox news channel with us now from dc. what's the analysis of that? what's going on here? >> connell, i don't think it's just public pronouncements. i don't think this is just bluffing for the microphone phone, and this is where republicans are, and they don't believe that the white house, that the president has put forward significant spending cuts anywhere near what they would like to see prior to jumping off a point where they are going to raise any tax rates. i mean, if they get to the poin
. >> last week, the supreme court of litigations had the defensive marriage act, and with the 1.5 million cost, outside counsel to sign the law, but according to the report, it decreased. do you support the idea of raising -- >> if the justice department is not going to enforce the law of the land, the congress will. thank you, all. >> all right, speaker of the house, john boehner, that's where we are, live update from washington on the progress or lack thereof, pushing for...
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joining me is bob dean from the national resources defense council. one of the groups behind that particular study. bob, thank you. welcome to the show. >> thank you, sandra. good to be here. sandra: so let me get this straight. you're blaming the warm winters, lack of snow on climate change? >> absolutely. you mentioned sandra, we're on track as of end of the november we had the hottest year on record in this country. 3.3 degrees hotter than the 20th century average. it hurt our farmers and ranchers, devastated worst drought in 50 years. fires detroit nine million acres of forest and fields. we'll seeing it on the ski slopes. climate change for the slopes means less snow on the ground, feuder skiers on the slopes. if you make your living in the business, less money in the wallet and paycheck. sandra: one might question that reasoning behind this and say a billion dollar loss for the industry over the past decade. your study says 27,000 jobs have been lost. i might remind you hey, we've been in a brutal recession. we're slow coming out of it. it might
joining me is bob dean from the national resources defense council. one of the groups behind that particular study. bob, thank you. welcome to the show. >> thank you, sandra. good to be here. sandra: so let me get this straight. you're blaming the warm winters, lack of snow on climate change? >> absolutely. you mentioned sandra, we're on track as of end of the november we had the hottest year on record in this country. 3.3 degrees hotter than the 20th century average. it hurt our...
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if martoma cooperates, it is actually very important for his defense. we should also point out that martoma's attorney will deny the cooperation agreement. they are footing the bill for martoma's legal fees which is separate from his cooperation agreement. jake, unpack this for us. they have a cooperation agreement, which i think is pretty key here. what do you make of it. >> martoma just made the biggest trade of his life. he chose steve cohen. here is the deal that they have. steve cohen is paying the legal fees. that could be millions. he gets a copy of the government playbook. they will work and share information together. rather than flipping on steve cohen, he has decided to work with him and he is betting that the high-priced lawyers will beat the feds, as they usually do. adam: is this kind of like a conflict of interest. >> they say we have the same interests and beating the government and saying this was not insider-trading. the government also flipped this doctor who told martoma about the trials. charlie: this is all about martoma's trading.
if martoma cooperates, it is actually very important for his defense. we should also point out that martoma's attorney will deny the cooperation agreement. they are footing the bill for martoma's legal fees which is separate from his cooperation agreement. jake, unpack this for us. they have a cooperation agreement, which i think is pretty key here. what do you make of it. >> martoma just made the biggest trade of his life. he chose steve cohen. here is the deal that they have. steve...
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you know possibly where his legal defense is going, so it is an interesting issue. i have bounced this off of a number of lawyers. the wayne state university professor said listen, drug cartels do this often. it is classic. it always does despite the fact it is routine in some respects, we don't know what it says, but it is routine but it raises suspicions all the time. this is somewhat controversial. another wrinkle in the case, a lot of people say staring at 20 years, shows no signs of wanting to cooperate. i talked to a lot of people, they say yes. melissa: charlie, thank you. a battle for control as opec meets. who will be the new leader of the oil cartel? saudi arabia or arch rival iran fighting for the top spot. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any q
you know possibly where his legal defense is going, so it is an interesting issue. i have bounced this off of a number of lawyers. the wayne state university professor said listen, drug cartels do this often. it is classic. it always does despite the fact it is routine in some respects, we don't know what it says, but it is routine but it raises suspicions all the time. this is somewhat controversial. another wrinkle in the case, a lot of people say staring at 20 years, shows no signs of...
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also, some of the defense money needs to be cut at this point. we need to look and see how much is cut. certainly, all of us is worried about a percent across the board. some cuts have to be made. revenues need to be increased. if at a higher rate on the wealthy, but not as much as that used to be under the clinton years, we have to see how much that brings. if that means getting rid of some deductions, we have to see what those are and how much revenue is on the table. dagen: representative, thank you. >> i get to go home every weekend and i love being called. orange county is a great place. i have to tell you, people.com know how serious this is. i am willing to stay here to get the job done. dagen: representative, thank you. take care. connell: we will go back out to michigan and this union firestorm we have been covering out there. dagen: ticket vendor stubhub has a new deal. thumbs up with major league baseball. the problems. big names like the yankees opting out. that is 40% of stubhub baseball business. oil is up. ♪ ♪ connell: here it
also, some of the defense money needs to be cut at this point. we need to look and see how much is cut. certainly, all of us is worried about a percent across the board. some cuts have to be made. revenues need to be increased. if at a higher rate on the wealthy, but not as much as that used to be under the clinton years, we have to see how much that brings. if that means getting rid of some deductions, we have to see what those are and how much revenue is on the table. dagen: representative,...
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lori: all industries, it is fascinating the industry building up defenses against cyber attack is taking off. we could do a segment on that. charles: i get to bring in john mcafee. melissa: nicole petallides on the floor of the new york stock exchange watching. nicole: we're taking a look, very carefully for a few reasons. they day they have had good business headlines for you. they plan to spin off the unit, security business. it snakes mechanical and electric locks, steel doors. they will spin it off into a new company coming from pressure from one of the shareholders to unleash the more shareholder values, this is one of the ways they're doing it. known for heating and cooling systems. don't forget th they recently raised quarterly dividends. melissa: thank you so much. lori: what can i do about using the uncertainty. we'll be joined to talk about the policy. melissa: there you can see the dow is weaker against the euro and tte pound. we will be right back. withidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and st
lori: all industries, it is fascinating the industry building up defenses against cyber attack is taking off. we could do a segment on that. charles: i get to bring in john mcafee. melissa: nicole petallides on the floor of the new york stock exchange watching. nicole: we're taking a look, very carefully for a few reasons. they day they have had good business headlines for you. they plan to spin off the unit, security business. it snakes mechanical and electric locks, steel doors. they will...
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if he wants to avoid 20 years, he will know exactly what to say to prepare his defense. the government would only give it to him if he could basically tell him about what steve cohen new about the insider trades that he was accused of. in the indictment, it says that bythat -- he traded those stocks based on insider information. he was not supposed to do that. then he told steve cohen something that caused steve cohen to trade those stocks. we should point out also, the largest insider-trading case and probably, in recent history. something like $270 million of ill-gotten gains. we do not know if he has told him i am facing these traits on illegal information. we just know that he talk to him. you talk to a lot of people on the street. we still do not know that information and how it was conveyed. that is what the government wants. tell us what you said. how you said it. did steve cohen no it was inside legal information. melissa: it seems like a conflict of interest. charlie: it is completely legal. his contract may not have said we give you, you know, we give you lawye
if he wants to avoid 20 years, he will know exactly what to say to prepare his defense. the government would only give it to him if he could basically tell him about what steve cohen new about the insider trades that he was accused of. in the indictment, it says that bythat -- he traded those stocks based on insider information. he was not supposed to do that. then he told steve cohen something that caused steve cohen to trade those stocks. we should point out also, the largest insider-trading...
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defense attorneys for. to asking a judge to and gps monitoring. those are your headlines. dagen: thank you. british banking giant agreeing to pay almost $2 billion. more than $1.9 billion. a record amount for a allowing money laundering to go on for years. this is the largest penalty ever paid. it is a nonprosecution agreement. if it changes its ways it will not be prosecuted. if you think the government is draining your wallet, you may want to take a closer look at those people around your house. what they are carrying around and using. i am talking about apple products. households spend an average of $450 on those devices in 2011. nearly tripled the amount in 2011. analysts are calling it an apple tax. no, it is just, you are spending money on stupid apple products. under intense pressure to curb its budget, the army is due this thing a growing number of soldiers that did not meet fitness standards. the number of active duty military personnel deemed obese, more than tripled. obesity is now the leading cause of ineligibility for people who want to join the army. connell:
defense attorneys for. to asking a judge to and gps monitoring. those are your headlines. dagen: thank you. british banking giant agreeing to pay almost $2 billion. more than $1.9 billion. a record amount for a allowing money laundering to go on for years. this is the largest penalty ever paid. it is a nonprosecution agreement. if it changes its ways it will not be prosecuted. if you think the government is draining your wallet, you may want to take a closer look at those people around your...
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cowboys' defensive lineman josh brent charged with manslaughter. he was allegedly driving while intoxicated. america's team honoring their fallen teammate with a close win over cincinnati yesterday. and parts of the midwest digging out after a storm that unleashed blizzard conditions over the weekend, dropping about 16 inches of snow on minneapolis. more than 600 crashes and over 1900 spinouts thanks to the blizzard. and those are your headlines, now back to cheryl. cheryl: all right, lauren, not readies for that snow just yet anyway. lauren, thank you very much. martial law in egypt where the military has been given new authority to arrest protesting civilians and take a look at this. president mo hard morsi on the cover of this week's time magazine known as the most important man in the middle east. nani, what did you make of him being on the cover of time magazine? were you surprised he has risen to prominence when he barely won the election back in june? >> i believe this is, you know, morsi, anybody who rules in egypt is going to be prominent
cowboys' defensive lineman josh brent charged with manslaughter. he was allegedly driving while intoxicated. america's team honoring their fallen teammate with a close win over cincinnati yesterday. and parts of the midwest digging out after a storm that unleashed blizzard conditions over the weekend, dropping about 16 inches of snow on minneapolis. more than 600 crashes and over 1900 spinouts thanks to the blizzard. and those are your headlines, now back to cheryl. cheryl: all right, lauren,...
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cheryl: he was very defensive about job creation. if you look of the transcript we get peaks of the interview and basically saying we are creating jobs and if you look at the partners, 6,000 jobs. i don't know if that can fly or not but that is his point. dennis: i don't think it is the job of a company to create jobs. a company creates wealth for shareholders and good products and services. where does that is a matter of economics and have to flow to the highest yield. it is not a corporate responsibility. it is not patriotic duty of corporations to create jobs in this country. stuart: to have jobs here give them better conditions. for creating jobs. cheryl: let's stay on the jobs issue. job cuts increasing for the third consecutive month. employers announcing plans to lay off 57,000 workers in november. that is 20% from october, up 20% from october. the government jobs report going to be coming out tomorrow but no matter what, look at this, this is the unemployment rate for african-americans compared to the jobless rate. at huge di
cheryl: he was very defensive about job creation. if you look of the transcript we get peaks of the interview and basically saying we are creating jobs and if you look at the partners, 6,000 jobs. i don't know if that can fly or not but that is his point. dennis: i don't think it is the job of a company to create jobs. a company creates wealth for shareholders and good products and services. where does that is a matter of economics and have to flow to the highest yield. it is not a corporate...
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it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meaning roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact on our readiness, and that's always considered to be the third rail. you touch readiness, our ability to fight, the morale of the troops, weapons, systems, ammunition, and capability of carrying out the mission. it's not that defense can't be cut. it's not how much you spend, but how you spend it. you start taking acrs the board cuts, that's december -- decimating the logic of funding thetrategy. neil: i know you work hard in your career, senator, to be bipartisan about this, served as a republican and democrat in the administration, but many say republicans signed on to this, and, you know,s part of this fiscal backup to a backbone, this was goingo be it, and they aggeed to it, and nowhey are whining about it. >> they signed up feeling the congress would be so concerned
it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meaning roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact on our readiness, and that's always considered to be the third rail. you touch readiness, our ability to fight, the morale of the troops, weapons, systems, ammunition, and capability of carrying out the mission. it's not that defense...
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it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meaning roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact on our readiness, and that's always considered to be the third rail. you touch readiness, our ability to fight, the morale of the troops, weapons, systems, ammunition, and capability of carrying out the mission. it's not that defense can't be cut. it's not how much you spend, but how you spend it. you start taking across the board cuts, that's december -- decimating the logic of funding the strategy. neil: i know you work hard in your career, senator, to be bipartisan about this, served as a republican and democrat in the administration, but many say republicans signed on to this, and, you know, as part of this fiscal backup to a backbone, this was going to be it, and they aggeed to it, and now they are whining about it. >> they signed up feeling the congress would be so
it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meaning roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact on our readiness, and that's always considered to be the third rail. you touch readiness, our ability to fight, the morale of the troops, weapons, systems, ammunition, and capability of carrying out the mission. it's not that defense...